Third Quarter 2016 Indexed Life Sales

November 22, 2016 by Sheryl J. Moore

Indexed Life
Indexed Life sales for the third quarter of 2016 were $452 million, compared with sales of $478 million for the third quarter of 2015. Third quarter indexed life sales were up nearly 3% when compared with the previous quarter, and down over 5% as compared to the same period last year.

Total 3Q2016 indexed life sales were $452,967,691

THE TOP TEN INDEXED LIFE CARRIERS FOR THE THIRD QUARTER OF 2016:
1. Transamerica
2. Pacific Life Companies
3. National Life Group (NL/LSW)
4. Minnesota Life
5. Nationwide
6. Zurich American Life (est)
7. Lincoln National Life
8. AXA US
9. Voya Financial
10. Fidelity & Guaranty Life

AVERAGE TARGET PREMIUM:
The average target premium paid was $8,232; an increase of nearly 29% from the prior quarter.

LEADERS BY CHANNEL:
Bank- Pacific Life Companies
Career- AXA US
Direct Response- AIG
Independent Agent- Transamerica
Independent Broker Dealer- Protective Life Companies
National Broker Dealer- Nationwide

TOP SELLING PRODUCTS BY CHANNEL: 
Overall- Transamerica Premier Financial Foundation IUL
Bank- Pacific Life Pacific Indexed Performer LT
Career- RiverSource Life RiverSource Multi-Index UL
Direct Response- American General Life AG Extend IUL
Independent Agent- Transamerica Premier Financial Foundation IUL
Independent Broker Dealer: Protective Life Protective Indexed Choice UL
National Broker Dealer- Nationwide Nationwide YourLife IUL Accumulator